Maruti Suzuki to Export High-Spec EVs to Europe and Japan by 2030
Team Finance Saathi
11/Sep/2024

What's covered under the Article:
Maruti Suzuki plans to export high-spec EVs to Europe and Japan, featuring a 500km range and 60-kWh battery.
The company is also investing in biofuels and hydrogen technology, leveraging India's natural resources.
Maruti's exports are set to grow, with a 185,774-unit increase from FY21 to FY24, and the Fronx SUV already being shipped to Japan.
Maruti Suzuki, India's largest car manufacturer, is making significant strides in the electric vehicle (EV) market, with plans to export high-specification EVs to Europe and Japan. According to a report by PTI, the company's upcoming EV will feature a 60-kilowatt-hour battery and an impressive 500-kilometer range, placing it at the forefront of cutting-edge electric mobility. Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki, shared these exciting developments during the company's presentation at the 64th annual SIAM session.
To meet the growing global demand for sustainable transport, Maruti Suzuki plans to introduce a range of EV products designed to enhance customer confidence. The company is not only focused on electric vehicles but is also working on biofuels and hydrogen-powered cars. Maruti aims to utilize India's abundant natural resources to develop biofuels with a low carbon footprint, aligning with the broader shift toward environmentally friendly technologies.
Maruti Suzuki is also targeting a substantial growth in exports by 2030. The company has already started exporting its new Fronx SUV to Japan, with over 1,600 units shipped just last month. The Fronx SUV, known for its sleek design and advanced features, marks a significant step in Maruti Suzuki's global expansion efforts.
In addition to focusing on new technologies, Maruti Suzuki is committed to deep localization of its production processes to reduce import dependence and ensure self-reliance within its value chain. Hisashi Takeuchi emphasized that Maruti's localization efforts are part of a long-term strategy to build a resilient and competitive manufacturing base in India. The company has seen impressive growth in exports, with a surge of 185,774 units from FY21 to FY24, reflecting its strengthening global presence.
The company’s goal to expand its EV offerings to Europe and Japan aligns with its broader vision of becoming a leader in sustainable mobility. The decision to target international markets highlights Maruti Suzuki’s ambition to be a major player in the global automotive industry. With its focus on biofuels, hydrogen, and electric vehicles, the company is well-positioned to contribute to the global shift towards cleaner energy.
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